[Form 4] Saia, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lifetime Brands, Inc. (LCUT) – Form 4 insider filing (18 June 2025)

Director Cherrie Nanninga reported the acquisition of 27,777 restricted common shares on 18 June 2025. The shares were issued at $0.00 as part of routine director compensation under the company’s Amended and Restated 2000 Long-Term Incentive Plan (as amended through 20 June 2024). The award will vest after one year, on the first anniversary of the grant date.

Following the grant, Nanninga’s direct beneficial ownership increased to 128,614 common shares. No derivative securities were involved, and the transaction code “A” confirms it was an acquisition rather than a disposition. The filing was signed by attorney-in-fact Sara Shindel on 20 June 2025.

• This filing reflects a non-cash equity award and does not disclose any open-market purchases or sales.
• The additional shares modestly strengthen director ownership, potentially aligning board interests with shareholders, but the transaction is not material to LCUT’s overall share count.

Positive

• Director ownership increases by 27,777 shares, marginally aligning board incentives with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine restricted-stock grant boosts director’s holdings; minimal direct impact on valuation.

The Form 4 shows Director Cherrie Nanninga receiving 27,777 restricted shares at no cost, raising her stake to 128,614 shares. Because the award is compensation-related, vests in 12 months, and represents a tiny fraction of LCUT’s outstanding shares, it is operationally neutral. Still, incremental insider ownership can be viewed as a modest governance positive, signalling confidence and alignment. No cash changes hands, so liquidity and EPS are unaffected. Investors should treat this as standard board compensation rather than a signal of near-term business momentum.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SUGAR PATRICK D

(Last) (First) (Middle)

11465 JOHNS CREEK PKWY, STE 400

(Street)

JOHNS CREEK GA 30097

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SAIA INC [ SAIA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Operations

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								8,273	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	06/16/2025		I		798.537		(2)	(3)	Common Stock	798.537	$322.25	1,115.837	D

Explanation of Responses:

1. The conversion rate of this derivative security on June 16, 2025 is 1.1644 resulting in 1,299.293 shares of common stock (underlying security in column 7).

2. Immediate

3. The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.

Remarks:

	/s/ Kelly W. Benton	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many LCUT shares did Director Cherrie Nanninga acquire on 18 June 2025?

She received 27,777 restricted common shares.

Was any cash paid for the shares reported in the Form 4?

No. The shares were issued at $0.00 as part of director compensation.

What is Cherrie Nanninga’s total share ownership in LCUT after the transaction?

She now beneficially owns 128,614 common shares directly.

When do the newly granted LCUT restricted shares vest?

The award vests one year from the 18 June 2025 grant date.

Does the Form 4 indicate any derivative securities activity?

No. Table II is blank; no options or other derivatives were acquired or disposed.